The Piotroski Score is a financial metric used to evaluate a company’s financial health, ranging from 0 to 9, with a higher score indicating stronger financial performance. It is widely used by value investors to identify attractive investment opportunities. A low Piotroski score indicates weaker financial health and potential risks.
Financially strong stocks belong to companies with healthy finances. They have steady sales, profits, good cash flow, and a strong position in the market. These stocks are seen as reliable for long-term growth and can handle tough economic times better than others.
Here are some financially strong small-cap stocks that have a high Piotroski score of 9:
1. Indian Energy Exchange Limited
With a market capitalization of Rs. 16,814.11 crores, Indian Energy Exchange Limited’s share price closed at Rs. 187.10 per share, down by 1.66 percent from its previous close of Rs. 190.25.
The company has a Piotroski score of 9, and the company’s revenue has increased from Rs. 121 crore in Q4 FY24 to Rs. 141 crore in Q4 FY25, which has grown by 16.53 percent. The net profit has also grown by 17.89 percent, from Rs. 95 crore in Q4 FY24 to Rs. 112 crore in Q4 FY25.
Indian Energy Exchange Limited (IEX) was established in 2007 and is India’s leading power exchange, providing an automated, nationwide trading platform for the physical delivery of electricity, renewable energy, and certificates, including cross-border electricity trade.
2. Force Motors Limited
With a market capitalization of Rs. 17,303.52 crores, Force Motors Limited’s share price closed at Rs. 13,276.80 per share, up by 3.38 percent from its previous close of Rs. 12,842.85.
The company has a Piotroski score of 9, and the company’s revenue has increased from Rs. 2,011 crore in Q4 FY24 to Rs. 2,356 crore in Q4 FY25, which has grown by 17.16 percent. The net profit has also grown by 210.71 percent, from Rs. 140 crore in Q4 FY24 to Rs. 435 crore in Q4 FY25.
Force Motors Limited was established in 1958 in Pune by Shri N. K. Firodia and is an Indian multinational automotive manufacturer specializing in commercial vehicles, multi-utility vehicles, and automotive components. It is fully vertically integrated and known for brands like Gurkha and Traveller, with partnerships with global firms like BMW and Rolls-Royce.
3. AGI Greenpac Limited
With a market capitalization of Rs. 5,366.97 crores, AGI Greenpac Limited’s share price closed at Rs. 829.55 per share, down by 0.35 percent from its previous close of Rs. 832.45.
The company has a Piotroski score of 9, and the company’s revenue has increased from Rs. 622 crore in Q4 FY24 to Rs. 705 crore in Q4 FY25, which has grown by 13.34 percent. The net profit has also grown by 49.23 percent, from Rs. 65 crore in Q4 FY24 to Rs. 97 crore in Q4 FY25.
AGI Greenpac Limited was incorporated in 1960 and is a sustainable packaging products company based in Gurugram. It manufactures and markets glass containers, PET bottles, and packaging solutions for beverages, pharmaceuticals, cosmetics, and other industries.
4. Time Technoplast Limited
With a market capitalization of Rs. 9,963.32 crores, Time Technoplast Limited’s share price closed at Rs. 439.05 per share, up by 1.32 percent from its previous close of Rs. 433.35.
The company has a Piotroski score of 9, and the company’s revenue has increased from Rs. 1,394 crore in Q4 FY24 to Rs. 1,469 crore in Q4 FY25, which has grown by 13.34 percent. The net profit has also grown by 5.38 percent, from Rs. 94 crore in Q4 FY24 to Rs. 112 crore in Q4 FY25.
Time Technoplast Limited was established in 1988 and is a multinational manufacturer of polymer-based products offering industrial packaging, consumer goods, automotive components, and infrastructure solutions. It operates over 30 global manufacturing units, focusing on innovation and R&D.
5. Gokul Agro Resources Limited
With a market capitalization of Rs. 4,129.74 crores, Gokul Agro Resources Limited’s share price closed at Rs. 279.90 per share, up by 0.16 percent from its previous close of Rs. 279.45.
The company has a Piotroski score of 9, and the company’s revenue has increased from Rs. 3,938 crore in Q4 FY24 to Rs. 5,462 crore in Q4 FY25, which has grown by 38.70 percent. The net profit has also grown by 11.36 percent, from Rs. 44 crore in Q4 FY24 to Rs. 49 crore in Q4 FY25.
Gokul Agro Resources Limited was incorporated in 2014 and is a leading FMCG company engaged in the production, distribution, and export of edible and non-edible oils, specialty fats, and feed meals, serving both domestic and international markets.
Written By – Nikhil Naik
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